Terra Firma plans up to $5 billion renewable energy fund: source

LONDON (Reuters) - Terra Firma, the private equity group led by high-profile dealmaker Guy Hands, is planning a fund of up to $5 billion with China Development Bank for investments in renewable energy, a person familiar with the situation said.

The partners are expected to start raising between $3 and $5 billion in the next few months, with the Chinese bank to put an as-yet-undefined amount into the fund, the person added.